In a barter economy, goods and services directly trade for other goods and services (B), and some goods are indeed more readily accepted in exchange than others due to their perceived value or utility (C). This system does not involve money as a medium of exchange, making options A and D incorrect.

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In a Barter Economy

Question 99

Multiple Choice

In a barter economy,

A) money trades for goods,goods trade for services,and services trade for money.
B) goods and services trade for other goods and services.
C) some goods are more readily accepted in exchange than others.
D) making exchanges takes less time (on average) than in a money economy.
E) b and c

Correct Answer: